Blaine Luetkemeyer: “The PPP program, which was run by and administered by the financial institutions did a really, really good job.”

The continuation of that is going to be very, very important.

In response to the outbreak of the Korean War in 1950, my fellow Missourian, President Harry Truman, signed a law intended to ensure that our nation would have sufficient industrial resources to meet our national security needs.

I can tell you I was part of the group that put the PPP program together. And I can tell you I was very strenuous in my concerns about allowing the fintech companies in.

As much as I hate that bill and hate that rule, my intention on that was to make sure we minimize the effect of this bill or this rule because it originally was a horrendous thing.